IVFH restructures Home Gourmet e-commerce, sells two non-core businesses

INNOVATIVE FOOD HOLDINGS INC

Restructuring Home Gourmet: cutting ~20 jobs, halting paid marketing, reducing assortment 50%.
Expected annualized revenue down ~$6M, profit up ~$650K; one-time cost $100K-$200K.
Closed sale of Grow Brand Management for $225K (net $75K); annual revenue cut ~$1M.
Agreed to sell Haley Food Group for ~21,000 IVFH shares returned; revenue down ~$175K, profit up ~$75K.
Continues marketing Bonita Springs and Mountain Top buildings for sale/lease to eliminate long-term debt.

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